Accounting for fines imposed by association.

Nev. Rev. Stat. § 116.310315
in effect
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If an association has imposed a fine against a unit’s owner or a tenant or an invitee of a unit’s owner or a tenant pursuant to NRS 116.31031 for violations of the governing documents of the association, the association shall establish a compliance account to account for the fine, which must be separate from any account established for assessments.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-116.htmlFetched: 10/4/2026

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